1.The non-controlling interest in net income for 2019 a.12,300 b.12,300 c. 15,000 d. 15,300 2.The profit attributable to equity holders of parent or cni attributable to controlling interest for 2019 a. 342,000 b. 340,700 c. 338,000 d. 335,000 3. The consolidated group net income for 2019 should be a. 338,000 b. 353,000 c. 380,000 d. 443,000
Sure is a 90% -owned subsidiary of Pale corporation acquired at a book value several years ago. Competitive separate company income statements for these affiliated corporations for 2019 are shown in the image.
On January 5,2019 Pale sold a building with a 10 year remaining useful life to Sure as a gain off 30,000 pesos. Sure paid dividends of 120,000 pesos during 2019.
1.The non-controlling interest in net income for 2019
a.12,300 b.12,300 c. 15,000 d. 15,300
2.The profit attributable to equity holders of parent or cni attributable to controlling interest for 2019
a. 342,000 b. 340,700 c. 338,000 d. 335,000
3. The consolidated group net income for 2019 should be
a. 338,000 b. 353,000 c. 380,000 d. 443,000
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